Inside the Economy: Inflation & Housing

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss inflation & housing. The Consumer Price Index shows us that inflation may have hit its peak, but goods and services spending remain strong and the Fed continues to show its willingness to raise rates to try to tame inflation. The supply of homes in the U.S. has risen as new loan applications fall with the increase in mortgage rates, but what does that mean for the housing market going forward? Tune in to learn about this and more! Key Takeaways: • US industrial production continues to rise • Used car market weakens • Oil hovering around $90 • Mortgage rates back up above 5%